Contrarian,

Yes! Absolutely correct!
Thank you! :)

Contrarian

Thanks. But it is a technical buy call. So far, no IB initiate coverage on the stock....

RHBIB also has a technical buy call on 26th of may. TP are 1.23 and 1.34

http://www.theedgemarkets.com/article/insas-may-trend-higher-says-rhb-retail-research

Contrarian,
can you please get the IB report and post it here for the info of all?

Thanks. :)

Contrarian

Now not that many fund managers in the top 30 largest shareholders list as of the last annual report. This actually rendered investment values at exceptionally low prices.. this also happened KESM, its share price has already shot up to RM15 from about RM2 in the last 2 years...

Before 2015/2016, fund managers or IBs were not interested investing or covering KESM even though many a time, its net cash per share was higher than its market price, PE in the low single digit.... many reasons were given....citing consistent low DIVIDEND payment of 3 sen per annum... low liquidity, can't get in and get out easily....there were better alternatives like mpi, unisem, glotronics....KESM share price was hovering around RM2+....for a long long time despite good earnings.....

But now an IB is covering and with KESM's improving profits, many fund managers and retailers have invested in the stock and the share price surged to sky high of RM15 as a result, the IB had recently raised its TP from RM16 to RM21...:)

Haha! at the end of the day, when the company continue to show good profits and share price keep moving higher, many, including IBs, fund managers, retailers,etc etc... Will jump on the bandwagon....

Have a good weekend...:)

Insas also bought more than 10 millions Hohup shares around 1.30 in 2014-2015 though it also had tranches at much lower costs...

When market price was @1.35 and private placement @1.25 for 400K shares was not bad a deal....

But are the concerns and the steep discounts justified since INARI is doing fine and funds invested in it. Aren't the boards of insas and Inari the same?

There are some doubts and concerns to the investment fraternity otherwise it would not have such steep discounts in the valuation of the shares.

On the other hand, no such concerns on INARI since many funds invested in it and it is also controlled by Thong and almost the same board as that of Insas....

As at 310317, cash and bank deposits RM 528 millions. Total borrowings RM287millions. Net cash less borrowings is RM241 millions... plus RM352 million investment in financial assets...

told during last AGM, sparing the cash for Tesla business....

Paperplane,

Definitely you know something which we don't know. As a respectable forumer in i3, you surely can share your precious knowledge and experience with us. That's why I humbly request you to enlighten us of your thoughts and please elaborate where necessary...Thanks.

Paperplane,

After building Inari from a smallish company to the biggest semiconductor company listed in Bursa with a market capitalisation of more than RM4 Billion, Insas of today is very different from yesteryear!

Insas has already cashed out more than 10% share holdings in Inari in the past 2-3 years and still holding about 20% of slightly more than 400 million shares in Inari....that's why insas is cash rich today...

Investment portfolio in securities now is about rm350 millions; cash in hand is about rm525 million...

Total current asset alone less ALL liabilities net off is RM1.186 per share which is higher than the current share price....

This has not taken in the non current assets of RM744 millions which includes RM298 millions investment in associated companies such as the abovementioned 20% in INARI and some others listed companies, hohup, SYF, OMESTI, and other non listed associate companies...

Each 1000 shares of INSAS indirectly holds 607 shares in INARI... take Inari @RM2 is already worth more than RM1,200 for every 1000 share of insas...

In the old old days.... INSAS was a small property and securities company......Its shares was very very difficult to trade and investors always lost money in it or get caught....That image or investor phobia still lingers on...haha!

The past 5 years' financial results of Insas has been good and is actually fantastic!

Paperplane, I belong to the old camp and also quite fearful of this counter in the past.... but I found that it's fundamentals are already so good....so, as I started to invest in it from the 2Q 16, I made quite some money each time I entered and hold....

Haha! The old impressions of this company is still with me and I also did not have full confidence at times, so I didn't sit tight with it but bought and sold...this actually made my returns less ...haha!

What make you think that thoss of us who are bullish on the stock, are in a denial mode?

I am very keen to listen to you as you are a respectable forumer in i3...please commend and don't forget about the financials as I quoted above...

Thank you....

Linges

Haha! Done 2 batches @1.06....stiil queue some more on board!!

Hehe!! :)

Throw some more! :)

Thank you the sellers! Hehe! :)

Any pull back in the price is an opportunity to me!! Hehehe!!!

Queue some more...there...
And not done!!

He he!

Insas is my lucky star counter!

Made money for me since I entered in the 2nd Quarter of 2016...

:)

Come on! I still in the Queue@1.06!
Please throw to me !!
Hehe!

Only ikanbilis selling! Haiz..... how to collect low leh... very unhappy !!! :(

Sien ! Queue @1.06 whole day still can't get !

Paperplane, why don't you press it down? He he!

0.03 inform again....hehehehe...

Paperplane, please press it down!!

I look forward to it !! Hehe!

Faster come down to 1.00

I am loaded with bullets now!!

Haha!! :)

https://www.klsescreener.com/v2/stocks/view/3379

Self explanatory!
Hahaha!!
:)

Flagpole not flag post....hehe

http://speedtrader.com/how-to-trade-flag-patterns/

Contrarian,

after an up move in price and then the price stays relatively firm within a tight range with volume tapering off...the pattern so traced out is called a flag... the immediate previous longer up move in price is called the flag post...

This price and volume pattern usually means accumulation and it will continue moving up in order to accumulate more ...hehe..

Flag formation lah.....

Many caught in 2014 in the range of 120-130...:(

Can't read...hhaaha

gcke

Thanks ya!

Can generate a lot of transaction commission from these institutions' portfolio!!

Such a good deal ! Hehe!

:)

So far so good ! Made very good money from Insas!

Perhaps more to come !

:)

No much sellers at this current level..... Haha! So volume is low....the big guys can't get more shares... have to buy it upward to collect!!

Watch this afternoon !

:)

Contrarian....

I am seasoned in the market...no problem for me!

Thank You!

Haha! :)

Buyer ini bukan makan saja tapi TELAN LA!

109..110 Semua di TELAN tadi !

:)

Lai liao !!!

Paperplane only believe in Prestar, Annjoo and Petron....these shares will zoom up even when market crashes! LOL!

They are good shares anyway.....so is Insas! Haha!

paperplane,

Did you tell those in Prestar forum that a crash is coming?

I didn't read any .. : )

Paperplane,

Can you elaborate and explain why you think a crash is coming? Thanks.

Interest hike already discounted as it was 97% certain of the hike b4 fomc meeting last night.... and the US market went up after that...haha!

Know to take profits is good habit especially if it reaches your targets! :)

Apollo,
bad habits die hard! Haha!
But more importantly is keep making money from the market! Haha!

Insas warrants run much further ahead of the mother share as compared to Malton...40% premium is indeed very rich! Is it telling us that there is much room to rise for the mother share? Haha!

These institutions appointed "fund" managers who are real "fun" managers who trade the bluest construction counter in Bursa instead of letting it ride to its Target Price!

The TP of Gamuda, from a few IB are as follows:

DBS......................6.30
CIMB....................5.98
AMMB..................5.96
CREDIT SUISSE...5.90
RHBIB ..................5.80

Why sell @5.30/5.40 if the share price is still much under valued?

Contrarian, Yes, I missed the whole bull run in Malton which kept rising in share price despite producing dismal earnings. Up-to-date, its 3 quarters or 9 month's earning is less than 3 sen per share ! Its disappointed earnings made me get out very prematurely and didn't buy back !

This Insas could run like Malton but with real solid fundamentals and earnings! I did remind myself and thus bought back double what I sold today!

Thank you for reminding! :)

Hike means economy is Good! No more -ve interest rates and deflation, and the whole world in synchronised recovery! :)

Holding on the gain of the previous day and closed unchanged despite fomc might hike interest rate in tonight's meeting.... it is strong!

I sold @ 1.11 and bought back double @1.09 Haha!

The future is bright......:)

What is Shitcoin?

Louisngu,

where can we check the steel price? Thanks.

Contrarian,

Haha! This time b4 the QR I hit it big l after I found out that the co had 334 millions invested in securities as of 31 Dec 2016...and got it right, thank God..

I usually put my money in about 5 counters....I can't follow and handle too many counters...ha!

Btw, trading for me does not mean playing contra but with ready cash to pick up .....haha!